Applying for Aid

Applying for Aid

Financial Aid is renewable on a yearly basis. Application for renewal must be made each year, and the amount of the student loan may vary, depending upon your current financial situation. Awards may also be reviewed during the academic year if your financial circumstances change substantially. It is your obligation to report changes in your financial situation, whether of a positive or a negative nature, to the Financial Aid Office when they occur. You should anticipate an appropriate adjustment to your financial aid award.

Students enrolled in the College Program receive a full scholarship covering tuition and fees. In the research thesis year, a continuation fee equal to 5 percent of tuition is required; this fee is covered by the full tuition scholarship. Our goal is to assure that financial constraints do not preclude appropriate candidates from following their dream of becoming physician investigators.

Application Deadline: Current Students May 1, 2021 / Incoming student: June 1, 2021

Your Financial Status is Closely Tied to That of Your Parents

In a rapidly changing economy, you must have contingency plans. Please remember that financial aid guidelines are dictated most often by external agencies and that medical schools are obligated to abide by and enforce these guidelines to be able to provide, in an equitable manner, all available funds.

Why is tuition so high?

Training a competent physician is expensive. Medical training is one of the most expensive forms of postgraduate training available in this country. Your tuition and fees cover only 65 percent of the total cost of your medical education. At a state medical school, taxpayers make up the difference. Private medical schools receive some state and federal assistance, but most additional funds come from university or hospital allocations, contributions and private donations.

Updating Your Address and Billing Information

Notify the Financial Aid Office of any address changes so that you receive financial aid and billing correspondence in a timely manner.

Students in the College Track receive a scholarship to cover tuition and fees; students cover their living expenses including health insurance. If you elect to cover your living expenses with a student loan, the mandatory health insurance fee will be automatically deducted prior to issuing your refund. If you do not take out a student loan, you will receive an email from the Bursar’s Office in July and January each year of enrollment. If you do not receive a bill by the end of July and January, notify the Registrar's Office. Payment terms are described on the bill.

If students provide proof of existing insurance, the student health plan can be waived. You must submit a waiver each semester, as students are automatically enrolled in the student health insurance plan each semester.

The Financial Aid Office will routinely report changes in permanent address to your Stafford and alternative loan lenders as required by the authorizing legislation for each of these programs. You also are required to notify your lenders of address changes.

Due to the nature of federal, state and institutional guidelines governing the Office of Financial Aid Programs, the information contained here is subject to change without notice. Financial Aid is awarded without regard to race, creed, color, sex, age, national or ethnic origin or physical handicaps where need is indicated.

How to Apply

How to Apply

You are responsible for submitting all application materials promptly. If you fail to complete the application by the deadline, you may experience a delay in receiving funds and possible late fees on your tuition bill. You can find the deadline for your application materials in the Application Instructions.

All students applying for aid must provide the following:

FAFSA

You must complete the Free Application for Federal Student Aid (FAFSA) by the deadline, as your financial aid award cannot be considered until your FAFSA information arrives. The FAFSA and its renewal can be completed online.

Use Title IV Code: E00079 and Case Western Reserve University School of Medicine, 10900 Euclid Avenue T-303, Cleveland, OH 44106 so that we receive a copy of your FAFSA report. Be sure to get a confirmation number as proof of completion. File early enough to allow for the three- to four-week processing time.

Financial Aid Application

All students applying for aid must complete this form. Everyone who provides information on this application (e.g., spouse, parents) must also sign the application in the appropriate places.

Tips for filling out your application:

  1. Make sure that the amount of resources (monies you have or you will receive from outside sources for the coming year) is correct.
  2. Refer to the school’s estimated student budget when filling out the expense portion. Your budget cannot be higher than the school’s budget.
  3. If you need additional funds, you must make your request in writing to the Financial Aid Office.

Data Verification

The Department of Education randomly selects a portion of FAFSA applications for a process called verification. If you are selected, you will receive a verification form from the Office of University Financial Aid. You must complete, sign and return the form with all documentation to our office. No federal financial assistance will be disbursed until the verification process is complete. The Financial Aid Office may require that any discrepancies be explained in writing.

You will be notified via an amended award notice if any previous awards change as a result of this process. Verification is also required by the Immigration and Naturalization Service (INS) for all non-U.S. citizens.

Determining Need

Determining Need

Financial need is the difference between the cost of attending CCLCM for one year (tuition, fees and cost of living) and your and your family’s resources to apply toward that cost. The Director of Financial Aid makes awards that equal this determined need. When this award is added to the resources expected from you, your family and other outside sources, you can meet the basic cost of attendance.

Your resource calculation is estimated using the principles recommended by Free Application for Federal Student Aid (FAFSA) and in accordance with federal government guidelines. You may borrow your expected contribution.

Plan Ahead

Discuss your situation with parents and other family members. Make a realistic budget that minimizes the amount of money you need to borrow. Be sure to think beyond the first year.

Student's Contribution

Your contribution is based on savings and earnings shown as resources on the application for aid. If you have substantial savings accumulated for medical school, divide this amount by five years to determine the resource for each year. Note this amount on the application, and alert your Financial Aid officer.

Your earnings should be a reasonable estimate; do not overestimate them. Always use the net figure after taxes. Incoming medical students will be expected to contribute at least $1,500 for the first year.

Budget

In the early part of the coming year, a budget guideline is determined for all incoming and registered students. The school considers costs for tuition, required fees and insurance, lodging, food and modest personal expenses based on full-time enrollment. These budgets should be ample to cover students’ needs.

Health Insurance

All medical students are required to be covered by an adequate hospitalization plan. You are responsible for evaluating the student health plan to be sure it meets your needs. If it does not, you must enroll in a healthcare plan that provides adequate hospitalization coverage.

Health insurance rates for the current year are sent to you from the Office of Admissions. Direct your questions to University Health Service at 216.368.2450.

You Can Appeal

Know you can appeal your financial aid award by submitting a letter of appeal to the Financial Aid Office. State the reason for the appeal and the amount requested, and document the unusual circumstances necessitating the appeal. If appealing a charge on the tuition and fees bill, submit a letter of explanation to the Bursar's Office. If you are not satisfied with an appeal decision, you have the right to further discuss your situation with the Director of Financial Aid or the Associate Dean of Admissions and Student Affairs.

Resources

The calculation of your resources is estimated with the principles recommended by FAFSA; these principles in turn are in accordance with Federal Government guidelines. Students can borrow their expected contribution.

Resources

Resources

Contact Our Office

Contact Our Office

Elizabeth Myers, MEd
Director of Admissions and Financial Aid

Mailing Address:

Cleveland Clinic Lerner College of Medicine
9501 Euclid Avenue/EC10
Cleveland, OH 44195

Office Hours: 8 a.m. – 4:30 p.m., Monday - Friday

Phone: 1.866.735.1912 or 216.445.7170
E-mail: [email protected]